NRG COSIA Carbon XPRIZE
We're reimagining CO2
We live in an unprecedented age of technology and convenience – one that requires a lot of energy. Much of the energy we use, particularly for transportation, comes from fossil fuels which, when burned, emit greenhouse gases like carbon dioxide (CO2). These emissions contribute to climate change. But what if we could turn CO2 emissions into something useful?
That's where the NRG COSIA Carbon XPRIZE competition comes in. With support from eight member companies, including Cenovus, Canada's Oil Sands Innovation Alliance (COSIA) has teamed up with NRG Energy to sponsor the NRG COSIA Carbon XPRIZE. It's one of the many innovative ways we're investing in new technologies that could be used directly in our operations to help reduce CO2 emissions. This competition challenges teams from around the world to develop innovative approaches to convert CO2 emissions from burning fossil fuels into valuable products and consumer goods.
The competition has two tracks - one focused on testing technologies at a coal power plant and one focused on testing technologies at a natural gas power plant. Each track operates as a separate competition on the same timeline. The two technologies that convert the greatest amount of CO2 into products with the highest net value, while creating the greatest environmental benefit, will win the NRG COSIA Carbon XPRIZE competition.
What is an XPRIZE?
An XPRIZE inspires innovation and positive change for current problems believed to be unsolvable or with no clear path to a solution. The XPRIZE Foundation is the global leader in large-scale incentive prize competitions that bring together bright minds to find solutions to global problems.